Top Directors Of Texas Energy Operator Flee For Exits

Reuters reports:

Top directors of Texas’s electric grid operator, who faced sharp criticism from a massive failure of the state power system that left millions last week without light, heat, and water, resigned on Tuesday.

The board’s chairman, vice chairman, two directors and a board nominee of the Electric Reliability Council of Texas (ERCOT), all of whom live outside of Texas, resigned effective Wednesday, according to a notice to the state Public Utility Commission.

The resignations were disclosed the same day ERCOT was hit with a proposed class action lawsuit in a Texas court by customers who claim they lost power and drinkable water because of its failure to ensure the grid could function properly despite the bad weather.

Read the full article.

BREAKING

*ERCOT CHAIR, VICE CHAIR AND OTHERS RESIGN FROM BOARD: FILING

*FIVE ERCOT BOARD MEMBERS TO RESIGN EFFECTIVE FEB. 24: FILING

— Catherine Traywick (@ctraywick) February 23, 2021